Altho not a fan of short time frames, as I tend to trade longer time frame set ups, I think this is a bit of important information to consider. Looking at a 30M chart, after the very low voulme retrace, and running a 20MA you can see the constant strikes from below the 20MA up to it and slightly beyond, again and again and again. To my eye this is consolidation, to try and not 'rock the price' too much that is confirmed with volume nodes. Also you can see a clear bounce from the .236 to the .382 with ranging inbetween in the short term. Again price is respecting fib level retracement points followed by consolidation.
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If this has helped you in any way & you are inclined to do so, a small thank you can be sent below every little bit helps us small timers.
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